Tim Johnston: Yeah. No worries. And so, in short, absolutely. We’ve learnt a lot through executing on this process. I would say, you know, on the high side we’ve learnt, you know, our execution strategy overall in terms of focusing on early stage procurement of key materials and equipment has worked quite well. We’re receiving a lot of these this equipment on site now well ahead of when it actually needs to be installed. But where there has been slippages, we’ve been able to catch that without impacting the overall schedule, which is a big advantage, I think, to the overall strategy. In terms of other things that, that we’ve learnt in relation to this is really, you know, coming back to the sequencing of execution. I would say the process and scope of the project hasn’t changed significantly.
It’s really comes down to the strategy behind the execution which we continue to refine. So as we look at future potential hubs, we have a clear understanding of what the key drivers are, how to prioritize them and organize them to minimize inconsequential costs associated with the project. So what I mean by that is not direct costs on equipment, for example, but really more around how you build the project.
Greg Pendy: That’s helpful. Thanks a lot.
Operator: Thank you. Our next question comes from Evan Silverberg with Morgan Stanley.
Evan Silverberg: Hey, guys. Evan Silverberg on for Adam Jonas. A quick question on the Black Mass Production. As you guys are installing more capacity, are you taking your time ramping the factories or is it more that, you know, the feedstock coming in isn’t quite in lockstep with how you guys are building out capacity at this time?
Ajay Kochhar: Hey, Evan, good morning. Yeah, Tim can start on that and then I can add on if needed.
Tim Johnston: Yeah. Good morning, Evan. So it’s really two aspects. The first is that we continue and we tried to demonstrate that in the presentation today continue to grow our feedstock supply in line with our customers. And so we’re continuing to grow lockstep with the market. And you’re seeing another forecast of basically a doubling of year-on-year production of Black Mass, which would be our third year in a row for doubling production. The other aspect is we are continuing to ramp up our two new and largest facilities in North America being Arizona and Alabama. Arizona became four shift 24 hour operations late last year, and the Alabama facility added a fourth shift in January, making it 24 hour operation. So we’re continuing to ramp up those facilities.
The other aspect to remind everyone, Evan, is that this, of course, ties in closely with our execution strategy for the Rochester Hub. The timing of the Black Mass that we need for that facility is on track. And we’re continuing to grow Black Mass Production in line with that.
Ajay Kochhar: Just maybe tying that together. And I think the point there is that we’re not a Black Mass only production company. We’re a resource recovery company. And Black Mass is a means to an end to ultimately get those battery grade materials out. And for us, it’s the feedstock to the hub. So we want to see is that it’s growing in lockstep with when we need it. And that’s the key point that Tim was just making, and we see that in line from our perspective.
Evan Silverberg: I appreciate that color. Would you guys consider in the future and once Rochester is open, would you ever consider breaking out maybe capacity utilization by Spoke & Hub.
Ajay Kochhar: Yeah, good question. Our network continues to grow and so obviously the fine balance there, we don’t want to snow everybody with a bunch of detail, you know, facility by facility. But I think certainly over time, I think a key metric to pay attention to is on the hub side. And so the Spokes are really, you know, the feed to that hub. There’s optionality to also get Black Mass from the market. We want to ultimately primarily fulfil that internally. And so I think the key point to focus on is really that feed to the hub. And then what does that mean ultimately for those battery grade materials that are being produced?
